“We will comb through all public spending. In an interview with the Sunday Journal (JDD) and published on Sunday January 29, Bruno Le Maire announced that the 2024 state budget will provide for "significant reductions".
"At the end of the third quarter of 2022, the French debt reached 113% of our national wealth. With the President and the Prime Minister, we are determined to bring down the debt from 2026, and to bring the public deficit below 3% in 2027, "said Mr. Le Maire at the JDD.
“We will comb through all public spending: State, local authorities, social field. This is the subject of the spending review that we will be undertaking in the coming days under the authority of the Prime Minister. We are not new to this: we restored public finances in 2018, taking difficult decisions for example on subsidized jobs. »
The Minister of the Economy also figures the success of the energy transition initiated by France at "60 to 70 billion additional euros per year", while the country's public debt reaches just under 3,000 billion euros. euros.
Bruno Le Maire calls on local authorities and private actors to participate in the financial effort, believing that "the State [could] bear part of it but not all of it" and that it should play the role of "leverage of the private investment". "That's the whole purpose of the bill that I will introduce in May," the minister said.
In early January, during his greetings to economic players, the Bercy tenant announced that he wanted to make France "the first green industrial nation" in Europe, through a future bill accelerating the creation of new industrial sites and encouraging decarbonization. Asked by the JDD about the objectives of reindustrialization and decarbonization, Mr. Le Maire stressed that there had been "massive investments (...) already committed with France 2030, such as the hydrogen plan, the construction of six new nuclear reactors, electric battery factories, especially in the North".
On Saturday, President Emmanuel Macron admitted in a video posted on social media that France needed to "double" its "rate of effort" to reduce carbon emissions if it was to meet its 2030 targets.
